The Coca-Cola Company (NYSE:KO) Receives Consensus Recommendation of “Buy” from Analysts

The Coca-Cola Company (NYSE:KOGet Rating) has earned a consensus rating of “Buy” from the twenty-two brokerages that are covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $67.29.

A number of research analysts have weighed in on KO shares. Cowen boosted their price objective on shares of Coca-Cola from $65.00 to $68.00 and gave the company a “market perform” rating in a research report on Tuesday, April 26th. DZ Bank cut shares of Coca-Cola from a “buy” rating to a “hold” rating and set a $69.00 price target on the stock. in a report on Thursday, April 28th. StockNews.com upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating in a report on Tuesday, April 26th. Evercore ISI upped their price target on shares of Coca-Cola from $63.00 to $70.00 and gave the stock a “buy” rating in a report on Tuesday, February 15th. Finally, Royal Bank of Canada upped their price target on shares of Coca-Cola from $68.00 to $69.00 and gave the stock an “outperform” rating in a report on Tuesday, April 26th.

KO stock traded down $0.25 during mid-day trading on Tuesday, reaching $63.19. 323,263 shares of the stock traded hands, compared to its average volume of 15,347,854. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.98 and a current ratio of 1.18. Coca-Cola has a one year low of $52.28 and a one year high of $67.20. The stock has a market capitalization of $273.93 billion, a PE ratio of 26.59, a PEG ratio of 3.75 and a beta of 0.58. The business has a 50-day moving average price of $62.41 and a two-hundred day moving average price of $59.57.

Coca-Cola (NYSE:KOGet Rating) last posted its quarterly earnings data on Monday, April 25th. The company reported $0.64 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.06. Coca-Cola had a net margin of 25.69% and a return on equity of 41.84%. The business had revenue of $10.50 billion for the quarter, compared to analysts’ expectations of $9.83 billion. During the same quarter in the previous year, the business posted $0.55 earnings per share. The business’s revenue was up 16.7% compared to the same quarter last year. On average, equities analysts expect that Coca-Cola will post 2.47 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 1st. Shareholders of record on Wednesday, June 15th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 2.79%. The ex-dividend date is Tuesday, June 14th. Coca-Cola’s payout ratio is 73.95%.

In related news, insider Nikolaos Koumettis sold 153,466 shares of the stock in a transaction that occurred on Monday, April 18th. The shares were sold at an average price of $65.03, for a total value of $9,979,893.98. Following the completion of the transaction, the insider now directly owns 136,513 shares of the company’s stock, valued at approximately $8,877,440.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Beatriz R. Perez sold 25,406 shares of the stock in a transaction that occurred on Tuesday, February 8th. The shares were sold at an average price of $62.01, for a total transaction of $1,575,426.06. The disclosure for this sale can be found here. Over the last three months, insiders have sold 548,619 shares of company stock valued at $34,831,706. Insiders own 0.98% of the company’s stock.

Several institutional investors have recently made changes to their positions in KO. OLD Mission Capital LLC purchased a new position in Coca-Cola during the 3rd quarter worth approximately $244,000. Morgan Stanley raised its position in Coca-Cola by 2.0% during the 2nd quarter. Morgan Stanley now owns 48,263,840 shares of the company’s stock worth $2,611,557,000 after buying an additional 951,106 shares during the last quarter. New World Advisors LLC purchased a new position in Coca-Cola during the 3rd quarter worth approximately $393,000. Sandy Spring Bank raised its position in Coca-Cola by 1.6% during the 3rd quarter. Sandy Spring Bank now owns 81,039 shares of the company’s stock worth $4,253,000 after buying an additional 1,239 shares during the last quarter. Finally, EagleClaw Capital Managment LLC raised its position in Coca-Cola by 1.3% during the 3rd quarter. EagleClaw Capital Managment LLC now owns 16,154 shares of the company’s stock worth $846,000 after buying an additional 200 shares during the last quarter. 68.51% of the stock is owned by hedge funds and other institutional investors.

About Coca-Cola (Get Rating)

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; flavored and enhanced water, and sports drinks; juice, dairy, and plant-based beverages; tea and coffee; and energy drinks. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

Further Reading

Analyst Recommendations for Coca-Cola (NYSE:KO)

Receive News & Ratings for Coca-Cola Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola and related companies with MarketBeat.com's FREE daily email newsletter.